GBP/USD Short (MACD, ADX signal)

2 พ.ค. 2016

The GBP/USD has been fairly bullish recently. With the USD weak last week it gave the neutral GBP some power (as shown) With the USD going back neutral the pair should drop. This is shown both by the ANN strategy and MACD. The ADX is also low indicating a big movement. The resisitance line would be a good time to enter the trade and T1 shows some more resistance. Take out 1/3 of your contracts then so you can afford to lose some if it bounces back up. If T1 is broken there is not much resistance and it should drop quite a bit. Also look for the EMA's to cross. If they do it is more signal to short